Is it true that more than 20 percent shares of Craigslist were bought by eBay in 2004?

Yes, it's true that more than 20 percent shares of Craigslist were bought by eBay in 2004. To be specific, 25 percent of the shares were bought by eBay from one of the former executive of Craigslist, i.e. Phillip Knowlton. During this acquisition, the company said that it will help the organization to understand that how classified market online works.